Carolyn Schwab-Pomerantz, Charles Schwab director, sells $1.99 million SCHW

As Q1 earnings dominate investor focus, Warren Buffett and Charlie Munger’s criticism of EBITDA is back in the spotlight. Buffett called it a tool to mislead investors, while Munger famously dubbed it “bullshit earnings”, arguing that ignoring depreciation and other real costs distorts a company’s true financial health.

Meta officials met with India’s IT Ministry secretary regarding a video takedown. The parliamentary committee demanded an apology from Meta’s CEO for this action. They warned of losing legal immunity if an apology was not provided. The committee also addressed online safety for women and children. Stern action was urged against platforms hosting harmful content.

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